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Govt rejects MCX's foreign investment plan

03 Jul 2013 Evaluate

The government has reported that Foreign Investment Promotion Board (FIPB), which met on June 14, has rejected the Foreign Direct Investment (FDI) proposal of the Mumbai-based commodity exchange Multi Commodity Exchange of India (MCX). The company was seeking post facto approval for FDI received before issuance of Press Note 2 of 2008.

In separate but related development, the government has rejected five proposals. The FIPB has accepted eight proposals of FDI amounting to Rs 1,311.54 crore approximately.

MCX, the leading commodity bourse, largely offers futures trading in non-agricultural commodities. The exchange contributes maximum business to the total turnover of the commodity futures market.

Multi Commodity Exch Share Price

2858.55 3.10 (0.11%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Motilal Oswal Fin 807.60
Angel One 319.00
IIFL Capital Service 311.35
Nuvama Wealth 1379.10
Share India Sec. 144.45
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